Tag Archives: BSPS
Target pensions – freedom from freedoms
Last week I ran a couple of meetings of the Friends of CDC, a loose affiliation of pension people with a view that CDC can offer a solution to some of the intractable problems people face in retirement. Let’s start … Continue reading
30,000 is a lot of people.
At Wednesday’s hearing of the Work and Pensions Select Committee, Allan Johnston (Chair of the Trustees) told us that there were some 30,000 people who had yet to submit their option to BSPS in their Time to Choose. Although he … Continue reading
Posted in BSPS, drawdown, pensions
Tagged BSPS, BSPS2, Drawdown, Pension Protection Fund, pensions, ppf
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Frank Field and the “two worlds” of pensions.
On Thursday 13th December the Workplace and Pensions Select Committee took evidence from a variety of people with an interest in the choices members have to take as part of Time to Choose, but in the context of the … Continue reading
Posted in BSPS, pensions
Tagged Al Rush, BSPS, FCA, Frank Field, Megan Butler, pensions, The Pensions Regulator
4 Comments
Straight talking and honest representation
This morning I and three members of BSPS, give oral evidence to the Work and Pensions Select Committee at Parliament. We have been asked to speak about our experiences and comment on lessons that can be learned. The four of … Continue reading
Posted in advice gap, BSPS, pensions
Tagged BSPS, Steel, tata, Work and Pensions Select Comittee
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The Steelworkers submission to parliament
1. Social Media Rich Caddy created the British Steel Pension Members Facebook Group in April 2016 when Tata made their announcement about the future of Tata Steel UK (TSUK) Ltd and the potential impact on the British Steel Pension Scheme. The … Continue reading
A pension settlement needs general agreement.
I spent most of this cold dark weekend putting together a submission to the FCA on what we know is happening to millions of pounds of money that has been disinvested from the British Steel Pension Scheme and reinvested through … Continue reading
Posted in BSPS, Pension Freedoms, pensions, Royal Mail
Tagged BSPS, CWU, first actuarial, Royal Mail, USS
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Financial Regulators aren’t carved out of stone – they need a merry Christmas too!
Financial Regulation seems a brutal business, impersonal and intimidating. Necessarily, a degree of formality is needed in one’s conduct on both sides. I would not feel comfortable at the FCA’s Christmas party nor they at mine. But that does not … Continue reading
A time for calm, cool heads and action.
Time to Choose extended to December 22nd This blog is for members of BSPS , their families and friends, who have yet to choose their options and need help. It outlines the large number of places you can go for … Continue reading
Posted in pensions
Tagged Al Rush, BSPS, Chive, pensions, Rich Caddy, Stefan Zait, Time to Choose
13 Comments
TATA GPP – an investable option for BSPS members with a CETV.
I’ve received the following note from Aviva with regards the TATA group personal pension which has replaced BSPS as the corporately sponsored pension arrangement going forward. Thanks for your note below re the query you have received from a BSPS … Continue reading
Posted in advice gap, de-risking, pensions, social media
Tagged Aviva, BSPS, CETV, GPP, tata
15 Comments
“Cry havoc and let slip the dogs of war”
One of the features of a close-knit community is that people talk to each other. For Steelworkers this has been at works and in clubs. Now the works and clubs of Port Talbot, Llanwern, Scunthorpe and Redcar have digital counterparts in the Facebook pages … Continue reading
Posted in BSPS, pensions
Tagged Al Rush, Aviva, BSPS, Port Talbot, Royal London, tata, Tax
12 Comments